Latest news
Natural gas – the fuel of the future?
Natural gas is believed to be one of the most important energy sources for the future. The great quantity of natural gas together with its environmental reliability and numerous appliances across all sectors signifies that natural gas will keep playing an ever more important role in meeting demand in energy. Global demand for natural gas is projected to increase significantly as more states adopt environmentally cleaner fuels to meet future economic growth.
read more... 26/07/2013
Shale gas: Chevron could draw Eastern Europe towards natural gas independence
The American gas giant Chevron remains optimistic about prospects of shale gas explorations in Eastern Europe, being confident that shale gas could break the Russian grip on gas.
read more... 26/07/2013
New gas discovery in Italy’s PO Valley
Sound Oil plc, an independent oil and gas company, which activates mainly in Indonesia and Italy, has announced a new gas discovery at Nervesa well, in Italy’s Po Valley. A further announcement on total estimated quantities at the site will be made in the coming months, with possible production envisaged for 2015.
read more... 25/07/2013
Statoil’s second-quarter net profit sink missing expectations
Norwegian oil and gas giant Statoil released a considerable second-quarter net profit, missing analysts' expectations, being hurt by weak prices, poor trading results and slightly lower volumes.
read more... 25/07/2013
UK revealed it intends to create the most generous tax breaks in the world for shale gas producers
Britain's finance minister George Osborne has announced that Britain could become a leader in shale gas extraction as he intends to create world's "most generous" regime. He revealed that it plans to cut from 62% to 30% the tax on a proportion of production incomes, in a move which aims to encourage shale gas exploration.
read more... 22/07/2013